HMRC Admin 10 Response
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RE: CGT liability for transfer of beneficial interest into an LLP
Hi
Yes this is seen as a disposal so liable to CGT. -
RE: Tax paid to Greek authorities
Hi
You will need to call 0300 200 3310 to talk you through what/where information needs to be declared. -
RE CGT on Shares FX Rates
Hi
Please have a look at the guidance at CG78310 (Foreign currency: assets acquired or sold for currency) regarding how to convert to GBP sterling. Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal. For your convenience, there are exchange rates at Exchange rates from HMRC in CSV and XML format for older rates at Exchange Rates. You are free to use any of the supplied rates or one of your own choosing. -
RE: War widows Dutch pension taxable ?
Hi
Please have a look at article 17) of the UK / Netherlands tax treaty regarding pensions from the Netherlands, paid to UK residents. (UK/NETHERLANDS DOUBLE TAXATION CONVENTION AND PROTOCOL). If the pension is taxable in the UK, a self assessment tax return is required to declare it. -
RE: Cryptocurrency transfer to spouse living abroad
Hi
As not resident he has no CGT in the UK on the transfer of the crypto. -
RE: Gifting Property
Hi
It will be your daughter who is liable for any income generated from the flat. -
RE: Gifting Property
Hi
Please refer ot guidance at How Inheritance Tax works: thresholds, rules and allowances -
RE: Foreign dividend
Hi
You will need to declare this on a self assessment tax return so that you can claim a foreign tax credit. There is no other way to claim this. With dividends it is less straight forward to calculate the FTCR. Article 11(1)(b) of the UK / Ireland limits tax relief to 15%. This is the percentate you use. UK/IRELAND INCOME AND CAPITAL GAINS TAX CONVENTION -
RE: Self Assessment As An Expat
Hi
As a non UK resident, you can choose to send your tax return online by buying a commercial tax return ,alist of commercial suppliers can be found at Self Assessment commercial software suppliers section and submitting it by 31 January each year or you can download a paper SA100 (tax return) SA109 (residence) and any other supplementary pages which can be found at Self Assessment tax return forms Please note that the entire tax return should be submitted in the same format, eg. either online in its entirity or on paper. -
RE: Lifetime ISA - "First home" question
Hi
In order to qualify for the first time buyer benefit of the LISA, you have to be buying your first EVER property – you can’t have owned a home anywhere in the world before, in any capacity – even a share of a home. Even if you inherited a home, never lived in it and sold it immediately, you still don’t count.